This page contains
aggregated information about each property, and is not intended
to serve as an appraisal. Projections for accumulated wealth,
cash flow and equity are based on predictive models used to
analyze big data on more than 110 million homes. Learn more
about INVESTimate

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This page contains
aggregated information about each property, and is not intended
to serve as an appraisal. Projections for accumulated wealth,
cash flow and equity are based on predictive models used to
analyze big data on more than 110 million homes. Learn more
about INVESTimate

933 E 12th Ave 5
Anchorage,
AK 99501

Neighborhood
Rating

Neighborhoods that
generally offer lower risk exposure, higher appreciation,
but with lower yields. These neighborhoods are usually
higher priced.

Neighborhoods that
offer moderate risk exposure, a balance of yield and
appreciation, and typically have mid-priced properties.

DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,407 per month.

MY RENT : $1,407MEDIAN RENT : $1,579

Rent

% Distribution

$500-699

0.0%

$700-899

0.0%

$900-999

0.2%

$1,000-1,499

45.1%

>=$1,500

54.7%

Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,407 would therefore be considered affordable for annual household incomes greater than $56,280 (12 months x 3.333 x $1,407).

Rent

% Affordability

Above $500

70.2%

Above $700

62.5%

Above $1,100

46.4%

Above $1,500

32.8%

Above $1,900

25.2%

HOUSEHOLD INCOME RANGE

Approximately 1,126 of households in this neighborhood have a total annual income of $56,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,407 per month.

MINIMUM INCOME RANGE : $56,280

Income

% Distribution

29.8%

$20K-$35K

14.7%

$35K-$60K

22.7%

$60K-$100K

19.5%

>=$100K

13.3%

COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 43% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.